Omnipresent Group secures £1.5m in a seed round led by Playfair Capital and Episode 1 to expand operations.
Playfair Capital and Episode 1 co-led the seed financing to help the company scale its compliance platform across 80 markets.
Omnipresent Group builds a technology platform that simplifies international employment and compliance for remote teams. The company helps organisations manage global payroll, benefits and regulatory requirements across multiple markets.
Omnipresent Group has secured £1.5m in a seed funding round to expand its international market coverage. The financing was co-led by Playfair Capital and Episode 1, with participation from several backers including Entrepreneur First and Truesight Ventures. The capital will be deployed to extend the company platform to 80 markets by the end of the year in response to rising demand for remote employment solutions.
From the founder
"Remote work is one of the great equalisers of our time,"
Matt Wilson
Co-founder and Co-CEO at Omnipresent Group
Investor perspective
"Change always has a transaction cost. For business executives, the prospect of shifting from a collocated office to a fully distributed workforce was previously viewed as too risky a change, even though the evidence has long supported the superiority of remote workforces. And then suddenly, earlier this year, the decision was taken for every business executive as the entire knowledge economy globally was forced into remote working due to the ongoing coronavirus pandemic."
Joe Thornton
partner, Playfair Capital
Use of funds
- 01Expand into international markets
Investors
About the company
Omnipresent Group
Omnipresent Group provides compliance and employment infrastructure for remote workforces.